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Unilever Nigeria (NSA:LEVBROS) Cyclically Adjusted FCF per Share : ₦0.27 (As of Dec. 2023)


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What is Unilever Nigeria Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Unilever Nigeria's adjusted free cash flow per share for the three months ended in Dec. 2023 was ₦-1.826. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₦0.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Unilever Nigeria's average Cyclically Adjusted FCF Growth Rate was -25.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-05-14), Unilever Nigeria's current stock price is ₦15.20. Unilever Nigeria's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₦0.27. Unilever Nigeria's Cyclically Adjusted Price-to-FCF of today is 56.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Unilever Nigeria was 94.67. The lowest was 20.77. And the median was 42.19.


Unilever Nigeria Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Unilever Nigeria's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Unilever Nigeria Cyclically Adjusted FCF per Share Chart

Unilever Nigeria Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.15 0.36 0.27

Unilever Nigeria Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.60 0.65 0.48 0.27

Competitive Comparison of Unilever Nigeria's Cyclically Adjusted FCF per Share

For the Household & Personal Products subindustry, Unilever Nigeria's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Unilever Nigeria's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Unilever Nigeria's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Unilever Nigeria's Cyclically Adjusted Price-to-FCF falls into.



Unilever Nigeria Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Unilever Nigeria's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.826/129.4194*129.4194
=-1.826

Current CPI (Dec. 2023) = 129.4194.

Unilever Nigeria Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.000 98.326 0.000
201403 -0.168 99.695 -0.218
201406 -0.412 100.560 -0.530
201409 -0.238 100.428 -0.307
201412 -0.651 99.070 -0.850
201503 -0.072 99.621 -0.094
201506 1.219 100.684 1.567
201509 0.204 100.392 0.263
201512 1.044 99.792 1.354
201603 0.874 100.470 1.126
201606 0.994 101.688 1.265
201609 0.535 101.861 0.680
201612 -2.024 101.863 -2.572
201706 0.000 103.349 0.000
201709 0.861 104.136 1.070
201712 -1.448 104.011 -1.802
201803 -0.556 105.290 -0.683
201806 0.496 106.317 0.604
201809 -1.241 106.507 -1.508
201812 1.588 105.998 1.939
201903 -3.309 107.251 -3.993
201906 0.105 108.070 0.126
201909 -0.202 108.329 -0.241
201912 0.382 108.420 0.456
202003 0.758 108.902 0.901
202006 0.744 108.767 0.885
202009 -2.081 109.815 -2.453
202012 0.624 109.897 0.735
202103 0.315 111.754 0.365
202106 0.873 114.631 0.986
202109 0.685 115.734 0.766
202112 1.280 117.630 1.408
202203 0.852 121.301 0.909
202206 0.476 125.017 0.493
202209 -0.422 125.227 -0.436
202212 0.944 125.222 0.976
202303 2.088 127.348 2.122
202306 0.614 128.729 0.617
202309 -1.534 129.860 -1.529
202312 -1.826 129.419 -1.826

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Unilever Nigeria  (NSA:LEVBROS) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Unilever Nigeria's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.20/0.27
=56.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Unilever Nigeria was 94.67. The lowest was 20.77. And the median was 42.19.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Unilever Nigeria Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Unilever Nigeria's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Unilever Nigeria (NSA:LEVBROS) Business Description

Traded in Other Exchanges
N/A
Address
1 Billings Way, Oregun, Ikeja, Lagos, NGA
Unilever Nigeria PLC is a Nigeria-based company principally engaged in the manufacturing and marketing of food products, and home care and personal care products. The company's manufacturing sites are located in the regions of Nigeria namely, Oregun, Lagos State, and Agbara, Ogun State. Its Home and Personal Care products include sales of fabric care, household cleaning, skincare, and oral care products. Its Food Products segment includes sales of tea and savory products. The company sells its products in Nigeria, and internationally of which key revenue is derived from sales made in Nigeria.

Unilever Nigeria (NSA:LEVBROS) Headlines

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